About Operto
Operto is a company based in Vancouver (Canada) founded in 2005.. Operto has raised $37.05 million across 2 funding rounds from investors including Thayer Ventures, Centana Growth Partners and FUSE. Operto has completed 2 acquisitions, including DACK and VRScheduler. Operto offers products and services including Operto Access, Operto Teams, and Operto Guest. Operto operates in a competitive market with competitors including Particle, ecobee, MRI Software, Signify and Landis+Gyr, among others.
- Headquarter Vancouver, Canada
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Sectors
TechnologyBusiness Services Energy & Utilities Travel & Hospitality Real Estate & Construction
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Operto Guest Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.05 M (USD)
in 2 rounds
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Latest Funding Round
$25.05 M (USD), Series B
Mar 16, 2023
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Investors
Thayer Ventures
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
DACK
& 1 more
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Products & Services of Operto
Operto offers a comprehensive portfolio of products and services, including Operto Access, Operto Teams, and Operto Guest. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides secure automated guest entry via mobile keys
Automates scheduling and maintenance tracking for teams
Enables digital guidebooks and messaging for enhanced interactions
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Funding Insights of Operto
Operto has successfully raised a total of $37.05M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $25.05 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $25.0M
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First Round
First Round
(22 Feb 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - Operto | Valuation | Centana Growth Partners | |
| Feb, 2022 | Amount | Series A - Operto | Valuation | FUSE |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Operto
Operto has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Thayer Ventures, Centana Growth Partners and FUSE. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in growth-stage tech and offline US/Canada companies.
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Founded Year | Domain | Location | |
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US focused VC firm
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Founded Year | Domain | Location | |
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Software startups are invested in by FUSE venture capital fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Operto
Operto has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include DACK and VRScheduler. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Offers guest experience management platform
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2019 | ||||
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Property management solutions for vacation rentals are provided.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Operto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Operto Comparisons
Competitors of Operto
Operto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, ecobee, MRI Software, Signify and Landis+Gyr, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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Provider of smart thermostats for commercial and residential applications
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Property management software is provided for residential and commercial properties.
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Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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Smart panels for home energy management are provided by Span.IO.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Operto
Frequently Asked Questions about Operto
When was Operto founded?
Operto was founded in 2005 and raised its 1st funding round 17 years after it was founded.
Where is Operto located?
Operto is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Operto?
Steve Davis is the current CEO of Operto.
Is Operto a funded company?
Operto is a funded company, having raised a total of $37.05M across 2 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Feb 22, 2022.
What does Operto do?
Operto was founded in 2005 in Vancouver, Canada, and operates in the property management technology sector. Cloud-based solutions for automation and access control are offered, including keyless entry, temperature regulation, energy optimization, PMS integration, custom branding options, upsell features, and a real-time dashboard. These services support short-term rentals and hotel operations across various locations.
Who are the top competitors of Operto?
Operto's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does Operto offer?
Operto offers Operto Access, Operto Teams, and Operto Guest.
How many acquisitions has Operto made?
Operto has made 2 acquisitions, including DACK, and VRScheduler.
Who are Operto's investors?
Operto has 6 investors. Key investors include Thayer Ventures, Centana Growth Partners, FUSE, BlackPines Capital Partners, and Derive Ventures.
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